June 1 Barclays Plc
* Barclays has decided to increase size of placing (
* Barclays has agreed to sell 285,691,979 ordinary shares 2
in capital of Barclays Africa( "placing shares") (representing
33.7% of bagl's issued share capital) at a price of zar 132.0
per share, raising aggregate gross sale proceeds of
approximately zar 37,711 million (£2,224 million 1 ).
* Placing is expected to result in a pro forma increase of
approximately 27 basis points to group's 31 march 2017 cet1
ratio, from 12.5%.
* Following completion of placing, barclays group ( "group")
will hold 139 million ordinary shares in bagl (16.4% of bagl's
issued share capital)
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(Reporting By Rachel Armstrong)